Page 14 - Oil Speculation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Because even adjusted for inflation, they're doing even better than they were in 2005 when they didn't say -- when they said they didn't need them. >> so how impactful, and i guess how inappropriate is oil speculation in the world right now? >> well, certainly oil speculation is a significant factor. i don't think it's everything, but as we saw, for example, just a few days ago, we saw oil prices moveç 8%. the speculators seemed to get cold foot. there were no changes in worldwide supply and demand. so i certainly think speculation is a factor. yesterday i, senator kantwell, collins, a numbe...

For the high gas prices when we started doing this story and how they should limit oil speculation. gosh, i didn't like it when it was four bucks a gallon. that really slowed the economy down. don't you think that's what those rich boys on wall street want? because who is going to get the blame? president obama will pay the price for that in 2012. and wouldn't you know it. republicans want to make president obama pay the price right now. politico reported the gop leadership in congress plans to hammer the president over gas prices blaming his energy policy for high costs. house speaker john bo...

Started doing this story and how they should limit oil speculation. gosh, i didn't like it when it was four bucks a gallon. that really slowed the economy down. don't you think that's what those rich boys on wall street want? because who is going to get the blame? president obama will pay the price for that in 2012. and wouldn't you know it. republicans want to make president obama pay the price right now. politico reported the gop leadership in congress plans to hammer the president over gas prices blaming his energy policy for high costs. house speaker john boehner added fuel to the fire tod...

>> and george bush, it went to $4.11 a gallon and it was bush's assault. >> the same people who said it's bush's fault are blaming obama. >> sass i say it's the same thing, no matter who is president. >> jamie: and what the president did, when he brings in the doj. why did he do it and what can he accomplish? >> i think it gives political cover. >> that's right. >> he's doing something, yet, i'm not sure as cal suggested it does anything. the issue has to be developing alternative energy and having a long-term solution, i don't know that there is a good short-term slupolution, it's ra about oi...

As high as it was. that demand is playing into it because you have saudi arabia saying they're going to go ahead and cut production and we know that there's been all that unrest there, saying this weaker demand is part of it, led opec to say they're downgrading their forecast for global oil consumption. these are issues pushing up the price and has a hot bed of energy around oil prices and the uncertainty behind this is part of what's pushing it up and making it difficult for people as we get ready for the big driving season in the united states, we're not even there yet and people are hurting...